Classic Star Group (Distributor) resales: SBA acquisition loan data
Since FY2018, SBA lenders have approved 19 7(a) loans to buy an existing business operating under a Classic Star Group (Distributor) brand or supply agreement (classified mostly as Gasoline Stations with Convenience Stores), totaling $29.3M. The median loan was $1,390,000, 115% higher than the $645,250 median for all SBA-financed acquisitions.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Classic Star Group (Distributor) resale loans landed between $1,019,250 and $2,136,500.
- Lender experience exists. Metro City Bank alone has financed 5 Classic Star Group (Distributor) resales.
- Guaranty. The SBA guaranteed 77% of the dollars lent here.
- What the file leaves out. The SBA file does not record the terms of the brand or supply agreement.
Financing a Classic Star Group (Distributor) resale
The median SBA 7(a) loan for a Classic Star Group (Distributor) resale was $1,390,000 across 19 loans (FY2018 to FY2026). Metro City Bank, T Bank, National Association and Celtic Bank Corporation have financed the most Classic Star Group (Distributor) resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Classic Star Group (Distributor) acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $3.2M | $1,616,500 | |
| FY2019 | 3 | $2.6M | $787,500 | |
| FY2020 | 4 | $8.4M | $1,945,950 | |
| FY2021 | 7 | $9.9M | $1,031,000 | |
| FY2022 | 2 | $3.6M | $1,794,500 | |
| FY2023 | 1 | $1.5M | $1,504,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Classic Star Group (Distributor) acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Terms signed in the LOI shape the purchase agreement that follows.
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Lenders financing Classic Star Group (Distributor) resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Metro City Bank | 5 | 26.3% | $9.8M | |
| 2 | T Bank, National Association | 4 | 21.1% | $6.8M | |
| 3 | Celtic Bank Corporation | 3 | 15.8% | $3.9M | |
| 4 | Citizens Bank | 2 | 10.5% | $2.3M | |
| 5 | Home Bank, National Association | 1 | 5.3% | $2.6M | |
| 6 | Bank of the Orient | 1 | 5.3% | $1.5M | |
| 7 | First Bank | 1 | 5.3% | $1.2M | |
| 8 | VelocitySBA, LLC | 1 | 5.3% | $795K | |
| 9 | BankUnited, National Association | 1 | 5.3% | $457K |
States where Classic Star Group (Distributor) units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 19 | 100.0% | $29.3M |
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Questions buyers ask
How much do buyers borrow to buy a business operating under a Classic Star Group (Distributor) brand or supply agreement?
The median SBA 7(a) loan for a Classic Star Group (Distributor) resale was $1,390,000 across 19 loans (FY2018 to FY2026). The middle half of loans ran from $1,019,250 to $2,136,500. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Classic Star Group (Distributor) acquisitions?
Metro City Bank has made the most SBA acquisition loans for Classic Star Group (Distributor) (5, 26% of the total). T Bank, National Association, Celtic Bank Corporation, Citizens Bank follow.
What interest rate and term do Classic Star Group (Distributor) acquisition loans carry?
The average initial rate at approval was 6.18% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 25 years.
Is a Classic Star Group (Distributor) resale riskier than other SBA-financed acquisitions?
Too few Classic Star Group (Distributor) acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Classic Star Group (Distributor) units being bought with SBA loans?
Texas (19). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Gasoline Stations with Convenience Stores acquisitions
- Texas acquisitions
- Metro City Bank
- T Bank, National Association
- Celtic Bank Corporation
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Classic Star Group (Distributor) Motor Fuel Supply Agreement" (franchise code S2637). Figures are aggregates of public SBA data and are not provided or endorsed by the brand owner or supplier.